Today while scrolling through Twitter, I saw that $PROVE went on Alpha and directly connected to Binance spot, I have to say, this project is truly powerful.
At first, I was looking at it for the ZK track, but the more I looked, the more different it seemed. Most so-called ZK projects are either L2 or privacy protocols, basically revolving around a specific chain, and the token value is tied to a single ecosystem.
But Succinct is different; it’s not a specific ZK application, but a provider of the underlying infrastructure for the entire ZK network. The core product is called Succinct Prover Network, which means organizing a bunch of GPU nodes and using $PROVE to incentivize them to generate ZK proofs for various chains. It can serve Ethereum, Rollup, and even Solana, BTC cross-chain bridges, and AI model verification; it’s truly cross-chain and cross-application.
It also has something called SP1, a zkVM, which is really easy to understand. Previously, the development threshold for ZK was absurdly high; you had to understand circuits and cryptography, but SP1 effectively lowers the threshold to where ordinary developers can use it, allowing them to add ZK capabilities like writing a normal application. Whether ZK applications can be widely adopted depends on tools like this that truly have a chance.
Moreover, the project also has this policy dividend this time. The White House's 2025 Digital Asset Report directly names ZK as the core technology for “compliance + privacy,” especially with great potential in identity verification and financial regulation.
Currently, Succinct has already helped protect over $4 billion in assets for the ecosystem and is the ZK infrastructure project with the broadest TVL coverage at this stage.
In terms of financing, it’s also very solid, with Paradigm betting on two consecutive rounds, and co-founders from Polygon, early investors from Twitter, and those old acquaintances from Bankless are all involved, with total financing exceeding $55 million.
In short, the combination of $PROVE and Succinct is not just about a concept or sentiment; it is genuinely making ZK the underlying infrastructure that can run across various chains and applications. I look forward to the spot token skyrocketing today; I will continue my research now. 😎
